Weekend Edition: Age Care Crisis Only Partially Fixed

Friday 28th March 2025 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. New aged care legislation, which becomes law on July 1st, goes somewhere to fixing the funding crisis that has plagued the aged care industry over recent decades. Residents will need to pay more from their assets and super funds.   Russell Bricknell is CEO of Juniper Aged Care in Western Australia and says it provides a path for future investment, but there’s a large amount of catching up to do. Many facilities have fallen into states of disrepair as operators struggled to remain solvent. But the bigger issue, says Russell, is how future aged care homes win planning consent, and how a workforce is found to staff these new in-demand facilities: two issues that weren’t addressed in the Aged Care Taskforce. Hosted on Acast. See acast.com/privacy for more information.